|
The following tables compute basic and diluted
earnings per share (in thousands, except per share data):
| |
|
Three Months Ended June 30, 2017 |
|
| |
|
Loss
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(8,841 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(9,156 |
) |
|
|
42,295 |
|
|
$ |
(0.22 |
) |
| |
|
Three Months Ended June 30, 2016 |
|
| |
|
Income
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net income attributed to Pacific Ethanol |
|
$ |
5,086 |
|
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(315 |
) |
|
|
|
|
|
|
|
|
| Less: Income allocated to participating securities |
|
|
(71 |
) |
|
|
|
|
|
|
|
|
| Basic income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
4,700 |
|
|
|
42,191 |
|
|
$ |
0.11 |
|
| Add: Options |
|
|
– |
|
|
|
38 |
|
|
|
|
|
| Diluted income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Income available to common stockholders |
|
$ |
4,700 |
|
|
|
42,229 |
|
|
$ |
0.11 |
|
| |
|
Six Months Ended June 30, 2017 |
|
| |
|
Loss
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(21,477 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(627 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(22,104 |
) |
|
|
42,334 |
|
|
$ |
(0.52 |
) |
| |
|
Six Months Ended June 30, 2016 |
|
| |
|
Loss
Numerator
|
|
|
Shares
Denominator
|
|
|
Per-Share
Amount
|
|
| Net loss attributed to Pacific Ethanol |
|
$ |
(8,140 |
) |
|
|
|
|
|
|
|
|
| Less: Preferred stock dividends |
|
|
(630 |
) |
|
|
|
|
|
|
|
|
| Basic and diluted loss per share: |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss available to common stockholders |
|
$ |
(8,770 |
) |
|
|
42,121 |
|
|
$ |
(0.21 |
) |
There were an aggregate of 766,000 and 730,000
potentially dilutive weighted-average shares from the Company’s warrants and shares of Series B Cumulative Convertible Preferred
Stock outstanding for the three and six months ended June 30, 2017, respectively. These convertible securities were not considered
in calculating diluted net loss per share for the three and six months ended June 30, 2017, as their effect would have been anti-dilutive.
|